Luminate Bank · Kentucky · 2025

Luminate Bank in Kentucky: approval rate, denial rate and rates (2025)

Luminate Bank took 590 mortgage applications in Kentucky in 2025, ranking #70 of 856 lenders active in the state. It originated 73.7% of them and denied 1.4% (1.8% of the applications it decided), against a statewide denial rate of 18.8%.

590Applicationsin KY
1.8%Decision denial ratestate 23.5%
6.63%Median ratestate 6.75%
$245,000Median loanstate $155,000
$118MVolume50 counties

Luminate Bank in Kentucky vs the state

1.4%Denial rate-17.45 pts vs state
1.8%Decision denial rate-21.69 pts vs state
73.7%Origination rate+15.69 pts vs state
6.63%Median rate-0.13 pts vs state
0.50Rate spread (pts)+0.19 pts vs state
$94kMedian applicant income
435Loans originated
8Denied

What Luminate Bank lends in Kentucky

By loan purpose

Home purchase 538 91% · 1.1% denied
Refinance 27 5% · 0.0% denied
Cash-out refinance 25 4% · 8.0% denied

By loan type

Conventional 337 57% · 1.5% denied
FHA 195 33% · 1.0% denied
VA 40 7% · 2.5% denied
USDA / RHS 18 3% · 0.0% denied

Why it denied Kentucky applicants

Debt-to-income ratio 4 50%
Collateral 3 38%
Other 1 13%

Where in Kentucky

Counties with the most Luminate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fayette County 1661191 0.6%
Kenton County 54420 0.0%
Boone County 33221 3.0%
Scott County 29240 0.0%
Campbell County 28241 3.6%
Madison County 27210 0.0%
Hopkins County 27201 3.7%
Jessamine County 27180 0.0%
Clark County 21120 0.0%
Daviess County 1992 10.5%

Other large lenders in Kentucky

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 8,42018.1%6.75%
Vanderbilt Mortgage and FinanceF 8,22044.8%9.50%
United Shore Financial ServicesB 6,8719.8%6.50%
Fifth Third BankD 5,66325.5%7.75%
U.S. BankD 4,88729.5%7.00%
Mortgage Research CenterC 3,61718.0%6.25%
PNC BankD 3,58523.7%7.40%
21st MortgageF 3,47848.0%9.95%
CommonwealthC 3,27024.9%7.25%
Stockton MortgageD 3,2556.1%6.63%

Frequently asked questions

Kentucky: 590 applications in 2025, of which 435 were originated and 8 denied.

1.4% of all applications, or 1.8% of the applications it actually decided on. The Kentucky statewide average across all lenders was 18.8%.

The median rate on loans Luminate Bank originated in Kentucky in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Luminate Bank's own HMDA filing for properties located in Kentucky, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology